Chegg stock plummets 30% on outlook as students begin to use ChatGPT
Chegg Inc. shares plunged 37.5% in after-hours trading Monday and were headed toward their lowest price since 2017, after the online-education company’s forecast called for an unexpected revenue decline as students begin to use ChatGPT.
Chegg CHGG reported first-quarter earnings of $2.2 million, or 2 cents a share, on net revenue of $187.6 million, down from $202.2 million a year ago. After adjusting for stock compensation and other effects, the company reported earnings of 27 cents a share, down from 32 cents a share in the...
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
30 Wholesome Teachers Who Deserve A Raise, And 30 Toxic Teachers Who Should Be Fired ImmediatelyTo the teacher who refused to give their students homework: You're the real MVP.
Les mer »
NIO stock extends bounce after April deliveries jump more than 30%NIO's stock rose Monday, along with the shares of fellow China-based EV makers Li Auto and XPeng, after April deliveries were reported
Les mer »
Letters, April 30: Post Bible verse insteadRead the Express-News letters to the editor for April 30.
Les mer »
Slideshow: The 30-Minute Workout RoutineThink you don't have time to work out? You do! Intensity is key, especially if you don't have much time. Get moving with this 30 minute 'quickie' routine that includes cardio and resistance training for each major muscle group.
Les mer »